HLV share price & results
- Jun 2026
- Sept 2026
Mumbai-based luxury hotelier that owns and runs The Leela Mumbai, a 391-room five-star deluxe hotel, after its other Leela-branded hotels were sold to Brookfield.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 46.7 | +14.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.5 | +6.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.78 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | +75.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | +40.0 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | −16.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −48.3% 1Y
1Y: ₹11.14 on 24 Oct 2025 → ₹5.76. High ₹11.6 (31 Oct 2025), low ₹5.72 (30 Mar 2026).
- Previous close
- ₹5.74
- Market cap
- ₹378 Cr
- 52-week range
- ₹5.72 – ₹11.6
- One year
- −48.71%
Overview
- Symbol
- NSE:HLVLTD
- Sector
- Consumer Services
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What HLV does
Based on the company's own presentations, annual report and earnings calls.
HLV Limited (formerly Hotel Leelaventure Limited) owns and operates The Leela Mumbai, a five-star deluxe hotel near the city's airports and the Bandra Kurla Complex, earning from room stays, in-house restaurants/bars, banqueting and spa services. The company previously built and ran a pan-India chain of Leela Palaces and Resorts (Goa, Bengaluru, Udaipur, New Delhi, Chennai, Gurgaon, Kovalam), most of which were divested to Brookfield (BSREP III India Ballet Pte. Ltd.) in a hotel-undertakings sale, leaving The Leela Mumbai as its principal operating asset. It also runs three captive windmills in Maharashtra to supply renewable power to the hotel.
Segments
- Hotel operations
- Hotel properties owned & operated
- 1 (The Leela Mumbai)
- Guest rooms/suites
- 391
- Permanent employees
- 409
- Captive renewable power (windmills)
- 3 windmills, 4.5 MW capacity, Maharashtra
- Hotel land parcel
- ~4.45 acres leased from AAI + ~1.85 acres leased from promoter group company
- In-house dining & bar outlets
- 5 (Citrus, Jamavar, The Great Wall, Le Cirque Signature, 6 Degrees)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2015 to Mar 2020).
Financials
What the filings say
Net profit, year on year: +78% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 43 | 58 | 59 | 41 | 36 | 61 | 63 | 47 |
| Expenses | 40 | 46 | 46 | 42 | 42 | 49 | 53 | 46 |
| Operating profit | 3 | 12 | 13 | -2 | -6 | 12 | 11 | 1 |
| Operating margin | 6.7% | 20.5% | 21.7% | −4.2% | −17.3% | 19.0% | 16.8% | 2.5% |
| Other income | 5 | 3 | 3 | 3 | 2 | 1 | 4 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | 3 | 10 | 11 | -3 | -10 | 7 | 9 | -1 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | 3 | 10 | 11 | -3 | -10 | 7 | 9 | -1 |
| EPS (₹ per share) | 0.05 | 0.16 | 0.16 | -0.05 | -0.15 | 0.10 | 0.13 | -0.01 |
| Line item | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 147 | 173 | 199 | 203 | 201 |
| Expenses | 190 | 157 | 168 | 175 | 187 |
| Operating profit | -44 | 16 | 31 | 28 | 14 |
| Other income | 251 | 9 | 10 | 16 | 10 |
| Interest | 1 | 5 | 2 | 2 | 3 |
| Depreciation | 12 | 11 | 14 | 16 | 19 |
| Profit before tax | 193 | 9 | 24 | 26 | 2 |
| Net profit | 193 | 8 | 24 | 26 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 132 | 132 | 132 | 132 | 132 | 132 |
| Reserves | 280 | 287 | 312 | 336 | 322 | 339 |
| Borrowings | 48 | 33 | 33 | 41 | 38 | 35 |
| Other liabilities | 100 | 114 | 104 | 123 | 130 | 136 |
| Total liabilities | 560 | 566 | 580 | 632 | 621 | 642 |
| Fixed assets | 298 | 312 | 309 | 318 | 324 | 342 |
| Capital work in progress | 0 | 5 | 1 | 10 | 13 | 6 |
| Investments | 40 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 222 | 249 | 269 | 304 | 284 | 295 |
| Total assets | 560 | 566 | 580 | 632 | 621 | 642 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -29 | -49 | 35 | 24 | 34 | 36 |
| Cash from investing | 11 | 22 | 16 | -33 | 22 | -62 |
| Cash from financing | 4 | 26 | -41 | -2 | 1 | -14 |
| Net cash flow | -15 | 0 | 11 | -11 | 57 | -39 |
| Free cash flow | -22 | 37 | 44 | 51 | 23 | 5 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 55 | 24 | 28 | 27 | 22 | 16 |
| Inventory days | 1076 | 334 | 165 | 184 | 202 | 222 |
| Days payable | 8774 | 3031 | 1944 | 1887 | 2327 | 2746 |
| Cash conversion cycle | -7643 | -2673 | -1751 | -1676 | -2102 | -2507 |
| Working capital days | -33 | -11 | -70 | -48 | -67 | -56 |
| Return on capital employed | −9.0% | −7.0% | 3.0% | 6.0% | 6.0% | 2.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹6, this stock must grow earnings at -8% every year for 7 years. Our analysis caps realistic growth at ~-37%. At that growth it is worth ₹1 — downside of 78%.
- Growth the price implies
- -8.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -35.2% a year
- net profit, FY23–FY26 · EPS -37.0%
- The gap
- 0.3 pp
- -78% downside if it only repeats history
Ownership
Who owns it
Public hold 59.39% as of Sept 2026; institutions cut 0.04 pts since Jun 2026.
- Promoters 39.07%
- Foreign institutions 0.01%
- Domestic institutions 1.51%
- Public 59.39%
Who is on the register
Named in the Sep 2026 filing
Every holder of HLV above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 36.47% | unchanged | |
| 24.87% | unchanged | |
| 8.10% | unchanged | |
| 2.28% | unchanged | |
| Insurer | 1.33% | unchanged |
| 0.12% | unchanged | |
| 0.08% | unchanged | |
| 0.07% | unchanged | |
| 0.05% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for HLV
Free account: one company. Everything above stays public.
Write why you follow HLV and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Consumer Services companies
Learn to analyse HLV
Guides on how to read this kind of business and the numbers that matter.